Montreal, December 5, 2018 – Argon 18 Inc. is pleased to announce a strategic investment* from one of its current shareholders, Bregnerød Investeringsselskab Aps. Under the terms of the new agreement, Bregnerød Investeringsselskab Aps becomes a major shareholder in the company.
“Securing major investments is never easy for up-and-coming companies in mature markets dominated by major players. In this context, we are very happy that our partner Bregnerød Investeringsselskab Aps has decided to increase its participation in the future development of Argon 18. We will now be able to concentrate on what we do best and truly break away from our competitors.” –Gervais Rioux, Founder, Argon 18.
“Argon 18 is a fantastic company that has been able to grow tremendously in the past 5 years. We got involved with the brand 12 months ago and believed that now was the right time to increase our investment in a company that keeps pushing the limits of what can be done in the cycling industry. We look forward to working closely with Gervais Rioux’s team and this way, help Argon 18 become even more successful.” -Henrik Lyngbye Pedersen, Owner and chairman, Bregnerød Investeringsselskab Aps.
For Argon 18, this investment represents a major milestone. The company’s future is now firmly rooted on solid financial ground allowing it to consolidate its position in the market and accelerate its growth strategy with the introduction of new products.
*The amount of this investment has not been disclosed at time of publication.
ABOUT BREGNERØD INVESTERINGSSELSKAB APS
Bregnerød Investeringsselskab Aps is a Danish investment company. They focus their investments in startup companies that are high technology driven and offer high growth potential.
Christian Lafrance, Marketing Director